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|Forex binary options wiki||Last but not least, adjacent stakeholders in the media macauslot betting line at gambling prevention NGOs were interviewed to gain additional insight on the scope of illegal basketball betting in Hong Kong and its societal implications. More specifically, only horse racing and football betting are regulated in Hong Kong, and past academic studies have focused primarily on the prevalence of these two activities. Set your budget and timeframe. Macau already hosts major sporting events such as the Macau Grand Prix and Clash in Cotai boxing fight nights. The large share of local illegals and offshore bookmakers is driven by the presence of high value bettors attracted to their low margins and bet offerings.|
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|Bitcoinstore international shipping||Some bettors prefer all-up bets due to the higher odds, but single bets remain the preferred bet style. Moreover, law enforcement macauslot betting line should actively regulate online sports betting and enforce geo-restrictions on offshore betting websites in order to prevent bettors from accessing these betting channels. Sports Book Grill - Enjoy months, ports, and games while remaining a macauslot at this service submitted in the murder's fork and suburbs food. Overseas exposure Surveyed incidence for basketball betting 0. Bet type offeringWhile most bookmakers offer a limited range of basketball bet types, some bookmakers offer over 60 pre-match bet types for a single NBA match. Coupled with the rise of more star Asian basketball players such as Jeremy Lin, and basketball stars visiting Hong Kong at a frequent rate, there is a clear upward trend in basketball interest.|
|Online betting usa mastercard login||Enter the email address you signed up with and we'll email you a reset link. The illegal basketball betting macauslot betting line in Hong Kong was chosen as the topic of this research report for several reasons: -Globally, basketball is one of the most popular sports for betting, usually just after football. Like to Win models on your Page macauslot soccer asia and have just longer dedicated to coordinate a composite hand functions. The agent will typically provide a username and password to a website to place bets, and take bets through SMS applications such as WhatsApp, or via tele-betting devices. Moreover, there are strong reasons to believe that the market will continue to grow rapidly in the next years, driven by a host of factors outlined below.|
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In an article on the New York Times by the NBA commissioner Adam Silver, he writes, "…despite legal restrictions, sports betting is widespread…those who wish to bet resort to illicit bookmaking operations and shady offshore websites. This is particularly relevant to Hong Kong as it has no legal channel for diverting illegal basketball betting demand despite the rapid growth. For the US, sports betting is legalized on a state by state basis, and basketball betting is legal in Delaware, Montana, Nevada, and Ohio only.
Based on the estimated illegal basketball betting market size of HKD 1. While this uncaptured source of revenue could have been fund community projects, profits from illegal basketball betting are instead used by criminal organisations to fund other illegal activities today.
As mentioned in the preface, none of the previous reports and studies the research team has come across have mentioned incidence rates or other information regarding this topic. Outside of Hong Kong, there are also examples of active campaigns to prevent illegal betting. One of these examples is Singapore's "Red Card" anti-illegal betting campaign. Stronger measures for prevention in Hong Kong would require a similar focus on illegal betting.
In contrast, during the NBA finals of , there were zero articles mentioned on illegal basketball betting rackdowns. To establish the prevalence of illegal basketball betting in Hong Kong, a random street intercept survey was conducted across 17 locations in Hong Kong. Additional booster survey samples were added to better understand bettor motivation and behaviour. However, due to the illicit nature of basketball betting in Hong Kong, underreporting in the street survey was expected.
Moreover, interviews with industry experts indicated that the gaming sector is highly driven by high-value bettors, who comprise a small percentage of the population but account for a large part of revenues. This segment is unlikely to be captured in a mass street survey. Hence, a combination of qualitative interviews and focus groups are crucial for a complete understanding of the market.
Two focus groups of mass bettors were conducted to gain the needed in-depth understanding of their betting behaviour and needs. Another 30 interviews were conducted with high-value bettors to understand how they differ from mass segment bettors. On the supply side, 5 interviews were conducted with local bookmakers and expert interviews in order to gain an understanding of overall market dynamics and competitive landscape.
These interviews were supplemented with extensive desktop research on various bookmakers and their offerings. Last but not least, adjacent stakeholders in the media and at gambling prevention NGOs were interviewed to gain additional insight on the scope of illegal basketball betting in Hong Kong and its societal implications. Only males were targeted for the survey given prevailing understanding that sports betting is a largely male-dominated activity in Hong Kong.
Random sampling methodology was adopted for the face-to-face street intercept survey, with hard age quotas based on census data, and soft quotas on working vs. Interviews were conducted with a CAPI Computer Assisted Personal Interviewing approach at 17 residential and commercial locations across Hong Kong in two phases -1, samples were collected from December to January The remaining samples were collected from mid-to-late April , after the commencement of NBA playoffs for the season.
This phasing was designed to better reflect the seasonality of NBA matches, with games in the regular season October to April building up to a maximum of over matches in the post-season playoffs April to June. With the playoffs being the most anticipated period in the NBA season, prevalence rate during the playoffs was expected to be higher than that of the regular season.
The street intercept survey covered a range of topics related to illegal basketball betting, including sports betting prevalence, interest in basketball, illegal basketball betting frequency and amount, betting behaviour and motivations, and betting products.
While a fallout rate was recorded for all respondents in order to establish an prevalence rate, only sports bettors were asked to complete the survey. Results from the survey are presented in Section 2 below. While telephone surveys can also typically achieve a similar level of random sampling as street intercept surveys, this study intentionally opted for in-person interviews due to the illicit nature of basketball betting in Hong Kong.
Telephone surveys typically target households during after-work hours, where respondents are much less likely to be truthful due to the presence of family members. Hence, the street intercept survey across 17 locations in Hong Kong likely yielded more accurate results.
This choice of methodology would also likely result in significantly higher prevalence of horse racing and football betting in this study, compared to past studies commissioned by the HAB, which employed a telephone household survey methodology. Limitations of the street intercept surveyIn the context of understanding the illegal basketball betting market in HK, there are significant limitations to the street intercept survey due to potential response bias and sample bias.
Thus, while age, gender, and working population have been controlled for the sampling methodology, survey responses may be biased along other attributes and behaviour. In addition to response bias within collected survey samples, there is likely significant sample bias as "hidden populations" are unlikely to be captured in a street intercept survey.
More importantly, these "hidden populations" are typically groups that exhibit more intense behaviour, both in terms of frequency and amount. A similar dynamic applies to the gaming sector, in which high-value bettors account for a large portion of the market, but are typically difficult to identify.
Booster survey samplesGiven that basketball bettors are relatively difficult to identify in a street intercept survey, an additional illegal basketball bettor booster samples were added to provide more data points for understanding betting motivation and behaviour. The same survey was conducted in locations with higher prevalence rates of bettors, and these results are not factored into the calculation of the incidence rate.
Qualitative researchTo supplement the street intercept survey, qualitative interviews were conducted with various stakeholders in the market. On the demand side, 2 focus groups were conducted with 12 mass bettor participants in total. These focus groups provided additional nuance on betting motivations, behaviour and bookmaker usage. Moreover, 30 interviews were conducted with high-value sports bettors to shed light on this "hidden population" not covered by the street survey.
Contacts were made via a snowball sampling method, whereby interviewees referred us to their contacts. These interviews allowed us to compare behaviour and motivations with the results from the mass street intercept survey, and provided important data points for triangulating the betting frequency and wagered amounts of high value bettors.
Results from the survey and high-value bettor interviews were then triangulated with bookmaker estimates to provide a more robust estimate of the market situation. The media contacts were able to provide information on coverage on basketball and basketball betting-related information in local media, while NGO staff provided insight on the typical characteristics of pathological gamblers and what can be done to prevent problematic gambling in Hong Kong. In addition to quantitative and qualitative research, extensive desktop research was conducted in order to map out detailed betting offerings and journeys for different bookmakers.
These were used to confirm survey findings and to illustrate the typical experience of Hong Kong illegal basketball bettors. Figure 2. Most illegal basketball bettors began betting at a young age -typically starting sometime between secondary school and their first entry into the workplace. As these responses suggest, referral by peers or family members was a key influencing factor in determining their first bookmaker. Based on combined street intercept and booster survey results, the average annual wagered amount among mass illegal basketball bettors was found to be HKD52, Illegal basketball betting motivationIllegal basketball bettors are largely motivated to bet by their interest in the sport.
So betting on it makes it much more exciting. They play basketball as a sport, watch basketball matches, and follow basketball-related news via various channels. This section explores the ways in which basketball betting is closely linked to basketball interest, and conducts in-depth investigation into how basketball fans might be exposed to betting-related information. Playing basketballIllegal basketball bettors actively participate in basketball as a sport. Further probing from focus groups suggest that while many bettors no longer play basketball as frequently, they became fans of the sport due to participation when they were younger:"I used to play basketball almost every day when I was in university… It's hard now that I have a job and everything, but I still try to play with friends once a month.
They use a variety of channels to watch matches, with online streaming being the most popular. Those who prefer to pay typically subscribe to multi-device packages. Similarly, the NBA League Pass, a multi-platform digital subscription package offered by the league, allows fans to watch live games and replays across multiple devices. With an annual subscription fee of HKD HKD per month , subscribers have access to live stats, highlights, and all regular season and playoff games.
Paid and free TV channels, though less popular, also cover all major basketball leagues. Betting frequencyThe majority of illegal basketball bettors surveyed are regular bettors, rather than casual bettors who may have only tried basketball betting once or twice in the past year. In-play betting has quite a high percentage amongst basketball bettors.
According to focus group participants, they typically place in-play matches in order to make up for losses in their pre-match bets, or to chase gains. Some bettors prefer all-up bets due to the higher odds, but single bets remain the preferred bet style. These results suggest that the most popular bet types are all line bets, which involve wagering against a spread determined by the bookmaker. Local bookmakers indicated that the popularity of line bets is consistent between football and illegal basketball bettors and has facilitated the conversion of illegal football bettors to illegal basketball betting.
Consumption of basketball contentBasketball fans consume news and media via many channels. It is followed by Yahoo! Survey results show a high usage of betting websites for following basketball-related news. Thus, even those who visit the sites to watch matches are frequently exposed to the enticement of illegal bookmakers. It combines news, analyses, and betting into one stop. I like it because the commentary on site is insightful and not as 'politically-correct' as the official site.
You can research all the player and team stats and then Figure 2. These features serve as a "hook" to attract information seekers to bet on the site. Newspapers typically allocate content based on the interest of their readers, meaning that higher coverage of a given topic can be considered a proxy for interest among readers.
This shows both consistent media coverage of basketball and strong perceived interest in the sport among readers. We have provided odds since the s, when people all bet with Macauslot. Overall, betting motivations, information sources used and preferred betting products were found to be consistent among mass and high value bettors.
The key similarities and differences between high value bettors and mass bettors are highlighted in the section below. Demographic profileSimilar to that of mass bettors, the age profile of high value bettors tended to be younger than nonbasketball sports bettors, with the majority being in their 30s to 40s.
As expected, they tended to be from higher income groups and were even more likely than mass bettors to have had overseas exposure, typically in the form of studying abroad or work experience. First exposure to illegal basketball bettingSince a disproportionate number of high value bettors had studied abroad, many picked up an interest in basketball while overseas, where the sport is extremely popular. My friends would talk about it all the time and we would watch matches together.
Eventually I opened my own betting account in university. Some also cited the popularity of basketball in Hong Kong popular culture during their childhood as an important driver of their interest in the sport: "I developed an interest in basketball since childhood, through the manga series Slam Dunk and collecting cards of basketball stars. Detailed triangulation methodology is discussed in Section 5.
Bookmaker usageHigh value bettors who began sports betting abroad typically started betting with one of the many offshore bookmakers that operate legally overseas, such as William Hill and bet Once they have opened an account and set up payment, bets can be placed relatively easily from anywhere in the world. Hence, upon return to Hong Kong, they bring their betting accounts with them and continue to bet despite the illegality in Hong Kong.
Local illegal bookmakers also indicate that a large proportion of their business is driven by high value bettors. These high value bettors are typically avid sports bettors who also bet on horse racing and football. Thus, their local illegal bookmaker usage was carried over from other sports to basketball. Figure 3. Hong Kong currently has only issued two sports betting licenses and both are to The Hong Kong Jockey Club -one for horse race betting and one for football betting.
Despite the lack of a legal channel, there are a number of ways for Hong Kong bettors to bet on basketball. According to the industry interviews conducted by the research team, the basketball betting market can be largely classified into 3 groups of bookmakers as follows: Local illegal bookmakersLocal illegal bookmakers can be taken as the conventional type of bookmaker in the market.
These bookmakers have been around mainland and Hong Kong long before internet betting became popular. A focus group respondent recalled starting to bet with a local illegal basketball bookmaker nearly 20 years ago. Due to their local presence, both the bookmakers and the agents they employ are regularly prosecuted by the Hong Kong Police Force.
Local operators are commonly found to be operated by criminal organisations who use bookmaking to fund other illegal activities. An industry source indicated that "nearly all of the illegal betting articles which [he has] seen on the newspaper are talking about the local illegal bookmakers".
RecruitmentLocal illegal bookmakers operate with a loose network of agents in Hong Kong and mainland China to recruit bettors. Local agents work in a pyramid structure where higher tier agents deal with bettors of higher value and manage lower tier agents. Figure 4. Nearly anyone could become an agent, such as bar owners, students, experienced bettors who want to make commissions to compensate for losses, etc. For basketball betting, local agents can easily convert existing illegal football bettors due to the personal nature of the business.
Local illegal agents work very flexibly and can facilitate any part of the betting journey of a basketball bettor. They help bettors open betting accounts, make deposits and place bets through a variety of informal channels, including WhatsApp, the hugely popular messaging app amongst HK mobile users. Local illegal bookmakers have also started to leverage technology to explore alternative channels to recruit customers.
Some bookmakers operate their own websites and handle non-personal account registrations, while some commission web-based agents to recruit bettors online. PaymentPayment to local illegal bookmakers is flexible as it is conducted through agents.
Focus group respondents reported face-to-face payment as the most common way as they personally know the agent and it is most immediate. Alternatively, bank payment or cheques are also accepted and it is difficult for banks to monitor these payments. Novel web-based agents also accept 3rd party payment platforms or credit cards. Betting platformOnce registration is completed with agents, a set of username, password and website link are given to the basketball bettors.
Bettors can access the betting platforms through desktop website, mobile website or even mobile apps. Many of these websites operate multiple domain names to make tracing and blocking difficult. A popular means of betting reported in focus groups is to contact the agent through personal communication tools including phone-call, SMS, or instant messaging apps. To retain bettors, credit lines are commonly extended through agents after a brief background check.
Rebates are also offered for substantial losses, and bettors with higher turnover are given larger credit lines. To make sure bettors are used to basketball betting, product offerings across football and basketball sports are very similar. As mentioned by one of our industry leads, "[they] want to make sure [their] bettors know that football and basketball betting are very similar. Globally, these offshore bookmakers are the market leaders in technological and product trends.
They are often licensees in their own country and comply with relevant regulations in those geographies, but betting with them in Hong Kong is still illegal under the Gambling Ordinance. RecruitmentWith a superior offering, offshore bookmakers attract Hong Kong basketball bettors with overseas exposure to open accounts during their stay abroad for study or work: "I opened my account when I was abroad…it is very convenient with the Chinese interface.
Payment A wide range of immediate payment methods are accepted for foreign and even mainland accounts. The most convenient way for Hong Kong bettors would be a foreign credit or debit card if they own one. Alternatively, offshore bookmakers all accept a wide range of 3rd party payment platforms including Skrill, Entropay, and Paypal. Mainland China online bank transfer are also accepted by some bookmakers such as Bet Betting platformBettors can access these offshore betting platforms with ease after an account is opened abroad.
Some offshore bookmakers such as Bet may even allow account holders to log into their betting platform in Hong Kong directly through computers or mobile devices, without any need to use VPN. RetentionMany offshore bookmakers are able to retain bettors using comprehensive digital offering. Some bookmakers such as Bet even offer a wide range of live-streamed basketball matches for in-play betting. Besides a wide range of bet types, offshore bookmakers typically provide very detailed statistics that appeal to more information-driven bettors:"My friends use offshore bookmakers' websites to check the statistics because they can find all they need.
While located physically in Macau, Macauslot targets Hong Kong bettors who visited Macau regularly due to its close proximity. Bettor recruitmentIt is very convenient for basketball bettors to open accounts with Macauslot, as Hong Kong residents can access and fill in the form directly online. No ID proof is required at the time of registration. Hong Kong residents and complete the form in 3 minutes Immediately after completion of form, bettors can access the betting platform without verificationGiven Macauslot is illegal in HK, the presence of an easily accessible registration method enhances the perceived "legitimacy" of the bookmaker amongst Hong Kong basketball bettors.
Some focus group respondents perceive Macauslot as a legal way also due to its longstanding history in sports betting in Asia. Betting platformTo place bets, Hong Kong basketball bettors can either dial the Hong Kong-based hotline or access the digital betting platform from Hong Kong.
In order to further retain Hong Kong basketball bettors, the customer relationship management CRM scheme of Macauslot has been designed to attract regular Hong Kong visitors to Macau. Macauslot has their own m-Slot card that accumulates points through placing bets. Points accumulated can be used to exchange for free ferry tickets between Hong Kong and Macau, as well as discounts at various Macau merchants. Promotions to entice illegal basketball bettorsUnregulated in Hong Kong, illegal and offshore bookmakers deploy aggressive promotions at various stages of the illegal basketball betting journey.
The below table illustrates some of the promotions offered by different bookmakers: Figure 4. Within just the major leagues, there are over 9, matches possible for betting round-the-clock, days a year. Bet was even found to offer matches from Hong Kong basketball leagues, further indicating that local basketball interest is spurring demand for betting.
Bet type offeringWhile most bookmakers offer a limited range of basketball bet types, some bookmakers offer over 60 pre-match bet types for a single NBA match. In contrast, legal football betting in Hong Kong, with less than 30 bet types, is dwarfed by basketball betting offerings. Below is a When comparing the above bet type offerings to football betting, there is significant overlap and similarities.
This finding supports what local illegal bookmakers have said in attracting crossover bettors from football. However, offshore bookmakers can offer over 30 bet lines for popular bet types, making for a total of over bet lines within a single match. Based on fieldwork results and key assumptions derived from bookmaker and industry expert interviews, the Research Team has projected the potential size of the market in the section below.
Market compositionIndustry interviews found that industry experts segment the market by wagered amount of bettors. Similar to the gaming industry at large, the basketball betting market is highly driven by high value bettors. In this study, the market is segmented into two groups -mass bettor and high value bettors. Industry experts indicate that offshore bookmakers in legal markets such as Macau typically have higher margins, at c. Mass segment projection of illegal basketball bettingBettor population:Based on census data Census and Statistics Department, and the surveyed incidence rate, there is a projected 24, male basketball bettors in Hong Kong.
Surveyed incidence for basketball betting 0. This figure was then crosschecked with and confirmed in interviews with high value bettors. HKD 0. High-value bettors account for c. A summary of the market size projection is presented in the following table: Figure 5. The large share of local illegals and offshore bookmakers is driven by the presence of high value bettors attracted to their low margins and bet offerings.
Key drivers of illegal basketball market growthAt up to HKD 1. Moreover, there are strong reasons to believe that the market will continue to grow rapidly in the next years, driven by a host of factors outlined below. Surge of basketball betting interest in Hong Kong Popularity of NBAAn indicator of growing interest in basketball is advertising spend on basketball-related topics.
To put the figures into context, basketball advertising spend on TV was 1. Growth in advertising spending likely reflects growing interest among consumers in basketball, as well as industry belief that there is untapped potential for the basketball sport in the market. NBA business expansion in Asia and ChinaGiven that the NBA is by far the most popular league for basketball betting, the NBA's active development of Asian markets -including China -will play a key role in driving the growth of the Hong Kong illegal basketball betting market.
China is a key market for the NBA, and the league has aggressive expansion plans including licensing and marketing deals, digital partnerships, and a , sq. Given that WeChat is the second most popular social networking app on both the Google Play and Apple App Store rankings, this partnership has the potential to greatly accelerate the penetration of NBA content in Hong Kong.
Enhanced NBA programmes-Self-producing NBA-featured programs Fan communities -Establishing fan communities through Chinese social media platforms Interactive gaming-Developing official Chinese NBA game appsContinued growth of the sport in the region is expected, and an increased offering in Chineselanguage will continue to drive growth in interest and participation by Hong Kong basketball fans, particularly within the younger generation. Increased betting convenience facilitated by betting apps will continue to drive the illegal betting market.
Unlike iOS, Apple's mobile operating system, open-source mobile operating systems such as Android have relatively weak monitoring procedures, allowing betting apps to be freely downloaded in Hong Kong, even though all forms of betting with non-authorised operators are illegal. This means that more people will be able to access illegal and offshore betting platforms readily. Evolution of telecom technology from 2. Moreover, alternative payment methods that have emerged in recent years are able to provide additional layer of obscurity to gambling transactions online.
In the past, banks and credit card operators were the only means to pay for betting activities. However, users' bank accounts and financial detailed are shared with merchant, creating additional risk. Moreover, banks and credit card operators can block payments when they detect suspected gambling transactions. Today, bettor have access to e-wallet systems such as Paypal and Skrill essentially function like virtual Octopus cards.
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